Commerzbank AG (OTCMKTS:CRZBY) Short Interest Down 73.1% in March

Commerzbank AG (OTCMKTS:CRZBY) saw a significant decline in short interest in March. As of March 31st, there was short interest totalling 4,200 shares, a decline of 73.1% from the March 15th total of 15,600 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 67,500 shares, the short-interest ratio is presently 0.1 days.

Analyst Ratings Changes

Separately, Morgan Stanley reiterated an “overweight” rating on shares of Commerzbank in a research note on Friday, March 7th.

Commerzbank Stock Up 1.2 %

Shares of OTCMKTS:CRZBY traded up $0.31 during trading on Wednesday, hitting $25.98. 76,083 shares of the stock traded hands, compared to its average volume of 37,261. The company has a fifty day moving average price of $23.42 and a two-hundred day moving average price of $19.34. The company has a market cap of $30.78 billion, a price-to-earnings ratio of 13.60 and a beta of 0.64. Commerzbank has a 52-week low of $13.28 and a 52-week high of $27.33.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Commerzbank stock. GAMMA Investing LLC raised its position in Commerzbank AG (OTCMKTS:CRZBY) by 5,506.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,850 shares of the financial services provider’s stock after purchasing an additional 1,817 shares during the quarter. GAMMA Investing LLC’s holdings in Commerzbank were worth $30,000 as of its most recent SEC filing.

Commerzbank Company Profile

Commerzbank AG provides banking and capital market products and services to private and small business customers, corporate, financial service providers, and institutional clients in Germany, rest of Europe, the Americas, Asia, and internationally. It operates through two segments, Private and Small-Business Customers, and Corporate Clients.